ECOLAB INC. — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2021-02-25

Reporting Person: Berger Larry L (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	A	3040	—	Acquired	32472	Direct
2021-02-25	Common Stock	F	943	$213.545	Disposed	31529	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	72.215	Indirect

Footnotes

F1: Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2021. Includes 0.163 UNITS acquired since the reporting person's last report. (The 72.215 UNITS are the equivalent of approximately 133 SHARES of the issuer's Common Stock.)